Categories: Automotive & Transportation
Format :
Automotive Biometric Market Snapshot
“The Automotive Biometric Market is estimated to increase at a CAGR of 17.78% from $ 1.3 billion in 2023 to $ 3.8 billion by 2030.”
Automotive biometrics are electronic devices used for vehicle immobilization, rationalization, ignition switch, vehicular access, and health monitoring. They include fingerprint scanners, voice recognition, and facial recognition, among other biometric technology.
Automotive Biometrics are used in various automotive industries, including access control and fingerprint technology for unlocking cars. Due to the high probability of finding two identical fingerprints, fingerprint identification is widely used.
The growing demand for commercial cars in manufacturing, tourism, logistics, and processing industries is expected to drive demand for automotive biometric systems in commercial vehicles in the forecast period.
Biometrics are revolutionizing the way we interact with and operate cars, providing enhanced security, safety, and accessibility. This technology benefits drivers and is currently and in the future used in the automobile sector.
Currently, key technologies in vehicles include fingerprint readers and facial recognition systems, with iris scanners being the second. These technologies require sensing, processing, and data management architecture.
The ability to capture, encrypt, and manage personal biometric data, as well as verify an individual's identity by comparing live data with stored digital records, supports the bridge between the physical and digital worlds.
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Key Benefits
In the automotive industry specifically, biometric technology can:
Enhance vehicle security measures
Car owners can restrict vehicle access using technologies like retinal or fingerprint scans, reducing auto thefts and break-ins. Advanced biometric systems can identify unauthorized access and communicate the information to authorities or the car owner. This technology can also help reduce the risk of theft by limiting entry to authorized individuals.
Increase accessibility
Biometric voice recognition and AI systems can be used by mobility disabled owners to enhance accessibility in their vehicles. These technologies can make driving easier and increase the value of a car, especially in case of theft, making handicapped vehicles safer and more secure.
Improve manufacturing safety
Biometrics can enhance driver and employee safety in the automobile industry, particularly in warehouses where billions of dollars of products and technology are stored.
Automakers can use biometric recognition to grant access to specific individuals, ensuring secure access to these areas, rather than leaving doors unlocked during office hours or worrying about key access.
Make operation more convenient
Biometric vehicles will make accessing and using voice control more convenient and secure, eliminating the need for keys. This technology will also enable hand-free tasks like navigating instructions, making calls, or playing music. Future developments may see more complex controls, such as ordering the car to set cruise control instead of manually.
Market Dynamics
Growth Drivers
“The market growth is being accelerated by the increasing demand for vehicle safety.”
The automotive biometrics market is driven by the precise use of facial and voice recognition, fingerprint scanning, and other biological evidence to enhance vehicle privacy and safety.
Biometrics are used in various areas, including access control, playlists, preferred apps, and contacts. The use of biometrics in automotive vehicles is expected to grow during the forecast period.
“The use of automotive biometrics is on the rise among various car manufacturers.”
The global demand for luxury vehicles is on the rise due to rising disposable income and changing lifestyles. Automakers like BMW, Volkswagen, Ford, and Mercedes-Benz are implementing biometric systems in their vehicles for customer convenience.
The rise of connected cars is also accelerating the implementation of advanced technologies like artificial intelligence, the Internet of Things, and machine learning, boosting international market growth.
Restraints
The automotive biometric industry is expected to be limited due to the increasing use of connected technologies, potential cyberattack risks, and the lack of comprehensive theft protection provided by fingerprint recognition. The high installation costs also pose a barrier to market expansion.
The automotive biometric market report provides an in-depth analysis of recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, domestic and localized market players, emerging revenue pockets, market regulations, strategic growth analysis, market size, category growths, application niches, product approvals, and launches.
Trends
The increasing demand for automotive biometrics due to changing lifestyles and rising disposable income is expected to fuel market expansion. The growing popularity of luxury cars has significantly boosted the automotive biometric market CAGR globally in recent years. This trend is expected to continue in the coming years.
The luxury car market is dominated by Mercedes-Benz, Lexus, and BMW, with over 290,000 units expected to be delivered in 2020. Tesla, a popular US automaker, is also a key player. The global market value for high-end vehicles reached $591.90 billion in 2020.
The vehicle biometrics industry is growing due to the precision of biological evidence like voice, facial, and fingerprint scans, which improve safety and privacy. This technology is used in the automotive sector for access control, personalized vehicles, and access to playlists or contacts applications.
Automakers like Ford, BMW, Mercedes-Benz, and Volkswagen are incorporating biometric technologies into their vehicles for convenience and security. The rising demand for vehicle security implants is driving the automotive biometric market revenue upward.
Opportunities
“The automotive industry is experiencing a significant increase in the use of facial recognition technology.”
The automotive sector is embracing facial recognition biometrics due to its relevance in automobiles. This technology enhances vehicle access control, safety, and security. Companies are integrating solutions for tracking passenger and driver behavior through emotional monitoring.
Tesla uses face recognition in its Model Y and Model 3 vehicles for driver assistance, ensuring attentiveness. The company is also working on an AI car system, as per its patent application. This trend is expected to drive market growth in the automotive biometrics sector.
Competitive Landscape of the Automotive Biometric Market Analysis
New Developments in Automotive Biometric Market
July 25, 2023- Fujitsu and Misawa Homes start joint trials for personalized and secure living spaces using continuous authentication technology
Fujitsu and Misawa Homes Co., Ltd. (hereinafter Misawa Homes) announced the start of joint trials to personalize shared spaces using authentication technology developed by Fujitsu. Through their trials, Fujitsu and Misawa aim to explore how to offer families and visitors alike comfortable, personalized, secure new ways to experience life at home. Trials started on June 2023 and are scheduled to continue until January 2024.
May 30, 2023- Synaptics Expands Industry Leading Match-in-Sensor (MiS) Fingerprint Authentication Portfolio with High-Performance, Frictionless Biometric Security Sensor
Synaptics® Incorporated announced at Computex 2023 the Triton FS7800 family of high-resolution single-chip Match-in-Sensor (MiS) fingerprint authentication sensors for secure biometric user access to PCs and other devices. The Triton family has a 500-dpi silicon sensor that comes in two flexible, easy-to-integrate packaging options to accelerate system design and features NIST SP 800-193-level protection to deliver maximum security for the mobile workforce.
January 2022: LG Electronics has created a new technology that will allow car owners to start their automobiles without using a key by recognizing their facial expressions and finger gestures using several in-car cameras. The biometric authentication system uses one of the cameras to identify the user's body parts. Based on the data from the first camera, a second camera automatically adjusts its viewing angles to record the user's iris and other biometric information.
In 2022, Rheinmetall collaborated with Dermalog to form Rheinmetall Dermalog SensorTec GmbH. The main of this company to bring improved safety to road traffic. This new company will supply innovative biometric technologies to automobile manufacturers.
March 2021: The US Patent and Trademark Office has published a patent filed by Samsung exhibiting a fingerprint biometric automobile ignition system (USPTO). The application implies that a fingerprint sensor implanted in an automobile's steering wheel might be used to start the car, possibly in conjunction with the driver's smartphone as a physical secondary identification element.
Segment Analysis
By Product Type
Facial recognition is expected to rapidly grow in the automotive industry, enhancing vehicle access control and safety. Market enterprises are incorporating solutions to track driver and passenger behavior by measuring emotions. These solutions are used for car ignition, reducing thefts, and adjusting vehicle settings. Once authorized, car owners can also manage personal preferences like heat adjustment and music selection. The focus on facial recognition is expected to continue growing in the automotive sector.
Facial recognition technology is expected to become more prevalent in the future, enhancing safety and access for drivers. Jaguar Land Rover is developing a device that monitors occupant emotions, using a camera mounted to the steering wheel and biometric sensors. The system analyzes the driver's facial expressions and automatically adjusts cabin features, such as ambient lighting to calming colours or stimulating beverages as fatigue sets in. This technology has the potential to revolutionize the automotive industry.
The iris recognition segment, which uses both eyes' iris for biometric identification, is expected to rapidly grow due to enhanced vehicle security.
By Application
In 2022, passenger vehicles primarily used vehicle access control for fingerprint and face recognition, while the commercial vehicle market expanded significantly due to increased demand for comfort, safety, and autonomous functionalities, indicating a potential for rapid growth.
Regional Outlook
“In 2022, North America held the largest revenue share in the Automotive Biometric market.”
North America, a major car manufacturing hub, is facing stiff competition from the used automobile market, with 40.9 million used automobile sales expected in 2021, a 10% increase from 2020. To differentiate themselves, car manufacturers are relying on newer technology like biometrics.
The region's automobile sector is a rapidly emerging market for biometric applications, and corporations are strategically positioning and segmenting their biometric offerings.
“APAC is projected to be the fastest-growing region in the projected period in the Automotive Biometric market.”
The Asia-Pacific Automotive Biometric Market is expected to grow rapidly from 2022 to 2030 due to the increasing popularity of advanced technological products in China, India, Japan, and Singapore. China's electric vehicle production and sales are expected to drive an increase in car biometric technologies. India's automotive biometric market is the fastest-growing in the Asia-Pacific region.
The Asia-Pacific and North America markets are expected to experience significant growth due to increased vehicle production, modernization of technical solutions, and cost-effective biometric vehicle access systems, while North America is expected to experience rapid growth due to high disposable income and increased customer awareness.
Segments Covered in the Automotive Biometric Market Report
By Product Type
By Application
The above information has been provided for the following regions and countries:
North America
Europe
Asia Pacific
Latin America
MEA
Frequently Asked Questions
What is the expected growth rate of the Automotive Biometric market over the next 7 years?
The Automotive Biometric Market is estimated to increase at a CAGR of 17.78% from $ 1.3 billion in 2023 to $ 3.8 billion by 2030.
Who are the major players in the Automotive Biometric market and what is their market share?
Fujitsu Ltd, Synaptics Incorporated, Methode Electronics, VOXX International, Voicebox Technologies, Hitachi Ltd, Safran S.A, Nuance Communications, Hid-Global, Fingerprint Cards AB, are prominent players operating and dominating in the market.
What is the demand projection for Automotive Biometric by 2030?
Demand for Automotive Biometric is projected to reach a market value of US$ 3.8 billion by 2030-end.
What is the sales growth projection for Automotive Biometric?
Revenue from sales of Automotive Biometric is projected to increase at a CAGR of 17.78% through 2030.
1.SUMMARY
1.1. Automotive Biometric Market Overview
1.2. Key Insights
1.3. Report Scope
1.4. Research Methodology
1.5. Frequently Asked Questions
1.6. Chapter Outlines
3.1. Overview of Automotive Biometric
3.2. Key Historical Events
3.3. Structure
3.4. Biochemical Interaction
3.5. Target Indications
3.6. Advantages of Automotive Biometric
3.7 Challenges associated with Automotive Biometric
3.8. Future Perspectives.
4.1. Methodology
4.2 Automotive Biometric: Developer Landscape
4.2.1. Analysis by Year of Establishment
4.2.2. Analysis by Company Size
4.2.3. Analysis by Location of Headquarters (Region-wise)
4.2.4. Analysis by Location of Headquarters (Country-wise)
4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)
4.2.6. Most Active Players
5.1. Company Overview
5.1.2 Management Team
5.1.3. Product Portfolio
5.1.4. Recent Developments and Future Outlook
6.1. Partnership Models
6.2. Automotive Biometric: Partnerships and Collaborations
6.2.1. Analysis by Year of Partnership
6.2.2. Analysis by Type of Partnership
6.2.3. Analysis by Year and Type of Partnership
6.2.4. Analysis by Type of Partner
6.2.5. Analysis by Year of Partnership and Type of Partner
6.2.6. Analysis by Type of Partnership and Type of Partner
6.2.7. Analysis by Type of Partner and Parent Company Size
7.1. Methodology and Key Parameters
7.2. Automotive Biometric: Academic Grants Analysis
7.2.1. Analysis by Year of Grant Award
7.2.2. Analysis by Amount Awarded
7.2.3. Analysis by Funding Institute Center
7.2.4. Analysis by Support Period
7.2.5. Analysis by Funding Institute Center and Support Period
7.2.6. Analysis by Type of Grant Application
7.2.7. Analysis by Purpose of Grant
8.1. Analysis Methodology and Key Parameters
8.2. Automotive Biometric: Publication Analysis
8.2.1. Analysis by Year of Publication
8.2.2. Analysis by Type of Publication
8.2.3. Analysis by Type of Conjugate
8.2.4. Analysis by Target Indication
8.2.5. Analysis by Copyright Holder
8.2.6. Word Cloud: Emerging Focus Area
8.2.7. Most Active Publishers: Analysis by Number of Publications
9.1. Methodology and Key Parameters
9.2. Key Assumptions and Scoring Criteria
9.3. Success Protocol Analysis
9.4. Assessment of Approved Automotive Biometric
Segments Covered in the Automotive Biometric Market Report
By Product Type
By Application
The above information has been provided for the following regions and countries:
North America
Europe
Asia Pacific
Latin America
MEA
Research Methodology
Base Year:2022
Historical Data:2018-2022
No of Pages:122
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